has primary responsibility for strategy formulation and management, including developing the corporate vision and strategy, overseeing strategic planning, and leading strategic initiatives has responsibility for understanding and formulating corporate strategy from an operational point of view, as well as ensuring that strategic initiatives and the corporate portfolio of businesses are optimized to support the strategy. see the issues confronting the company from as broad a perspective as the chief executive does, and the CSO is often heavily involved in operational day-to-day projects working close together with key staff on business critical initiatives in order to utilise proven leadership capabilities.
CSO responsibilities include:
Develop a comprehensive, inclusive strategic plan and growth strategy by collaborating with the CEO, senior leadership and the board of directors, which determines the enterprise's overall vision, evaluates the overall business portfolio
Analyze macroeconomic factors, competitive dynamics, market share changes, organization capabilities (e.g., product line performance), government regulation, and strategic risks
Identify and often execute important capital projects, joint ventures, potential M&A targets and other strategic partnership opportunities.
Driving decision-making that creates medium- and long-term improvement.
Establish and reviewing key strategic priorities and translating them into a comprehensive strategic plan, and monitor the execution of the strategic plan.
Facilitate and driving key strategic initiatives through inception phases
Actively support the CEO and BoD on strategic initiatives and inorganic investments
Oversees the developing and negotiating strategic partnerships and/or divestments.
